Banks focus on reducing NPLs linked to property
NBG reports net profits of 131 mln in Q1, accelerating profitability
Piraeus Bank posts net profit of 185 mln in 2018
Alpha Bank posts net profits of 53 mln in 2018
NBG reports full year net profits of 50 million euros from continued operations
Eurobank net profits from continued operations fall by 12.2 pct in 2018
NBG sale of its 75 pct stake in Ethniki Insurance improves capital ratio by more than 100 bps
National Bank of Greece (NBG) announced on Thursday it entered into an agreement with the Dutch EXIN Financial Services Holdings BV for the sale of a 75 percent stake in Ethniki Insurance, NBG’s insurance subsidiary in Greece.
The consideration of the transaction stands at 718.3 million implying a total enterprise value of 958 million. NBG will retain a 25 percent share in Ethniki Insurance, which will remain its exclusive bancassurance provider under a new ten-year partnersh...
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